Additional Allowance. Tenant shall, by written notice given to Landlord no later than the Cost Proposal Delivery Date (as defined below), have the one-time right to increase the amount of the Tenant Improvements Allowance by an amount not to exceed $161,020.00 (i.e., $20.00 per rentable square foot of the Premises) (the “Additional Allowance”). The Additional Allowance, if elected by Tenant, shall be added to the Tenant Improvements Allowance and utilized on the terms and conditions set forth herein with respect to the Tenant Improvements Allowance (and the Maximum Allowance Amount shall be deemed to have been increased accordingly). If Tenant gives the Allowance Increase Notice, Tenant shall repay the Additional Allowance to Landlord in equal monthly installments determined by amortizing the Additional Allowance over the remainder of the initial term of the Lease, together with interest at eight percent (8%) per annum (such monthly payments, the “Supplemental Rent”), on the first calendar day of each month commencing on the Rent Commencement Date and continuing thereafter during the remainder of the initial term of the Lease with Tenant’s regular payments of Base Rent (and the parties shall enter into an amendment to the Lease to confirm the same promptly following the giving of the Additional Allowance Notice).
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Samples: Lease Agreement (Organovo Holdings, Inc.), Lease (Organovo Holdings, Inc.)
Additional Allowance. Tenant shall, by written notice given to Landlord no later than the Cost Proposal Delivery Date (as defined below), have the one-time right to increase the amount of the Tenant Improvements Allowance by an amount not to exceed $161,020.00 (i.e., $20.00 25.00 per rentable square foot of the Premises) Permanent Premises (the “Additional Allowance”). The Additional Allowance, if elected by Tenant, shall be added to the Tenant Improvements Allowance and utilized on the terms and conditions set forth herein with respect to the Tenant Improvements Allowance (and the Maximum Allowance Amount shall be deemed to have been increased accordingly). If Tenant gives the Allowance Increase Notice, Tenant shall repay the Additional Allowance to Landlord in equal monthly installments determined by amortizing the Additional Allowance over the remainder of the initial term of the Lease, together with interest at eight percent (8%) 9% per annum (such monthly payments, the “Supplemental Rent”), on the first calendar day of each month commencing on the Rent Commencement Date and continuing thereafter during the remainder of the initial term of the Lease with Tenant’s regular payments of Base Rent (and the parties shall enter into an amendment to the Lease to confirm the same promptly following the giving of the Additional Allowance Notice).
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Samples: Lease Agreement (Jounce Therapeutics, Inc.), Lease Agreement (Jounce Therapeutics, Inc.)
Additional Allowance. Tenant shall, by written notice given to Landlord (the “Allowance Increase Notice”) no later than the Cost Proposal Delivery Date (as defined below), have the one-time right to increase the amount of the Tenant Improvements Improvement Allowance by an amount not to exceed Seventy Nine Thousand, Six Hundred Fifty Dollars ($161,020.00 79,650.00) (i.e., $20.00 30.00 per rentable square foot of the Premises) (the “Additional Allowance”). The Additional Allowance, if elected by Tenant, shall be added to the Tenant Improvements Improvement Allowance and utilized used on the terms and conditions set forth herein with respect to the Tenant Improvements Improvement Allowance (and the Maximum Tenant Improvement Allowance Amount shall be deemed to have been increased accordingly). If Tenant gives the Allowance Increase Notice, Tenant shall repay the amount of the Additional Allowance used by Tenant to Landlord in equal monthly installments determined by amortizing the amount of the Additional Allowance used by Tenant over the remainder of the initial term of the LeaseLease (excluding any Abatement Period), together with interest at eight percent (8%) per annum (such monthly payments, the “Supplemental Base Rent”), on the first calendar day of each month commencing on the Rent Commencement Date and continuing thereafter during the remainder of the initial term of the Lease Term with Tenant’s regular payments of Base Rent (and the parties shall enter into an amendment to the Lease to confirm the same promptly following the giving of the Additional Allowance Notice).
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Samples: Lease (Aethlon Medical Inc)
Additional Allowance. In the event that Tenant shallnotifies Landlord in writing, on or before the Construction Loan Closing, that Tenant wishes to increase the Construction Allowance, and specifies the amount of such proposed increase, not to exceed the Maximum Increase Amount (hereinafter defined), then Landlord shall make available to Tenant an additional allowance (the "Additional Construction Allowance") in the amount requested by written notice given Tenant, but not to exceed the Maximum Increase Amount. As used herein, the term "Maximum Increase Amount" means the product of (i) Ten Dollars ($10.00) multiplied by (ii) the number of rentable square feet in the Leased Premises. In the event Tenant requests and Landlord provides the Additional Construction Allowance, then, the term "Construction Allowance" as used herein shall be deemed to include the Additional Construction Allowance. Tenant shall repay to Landlord no later than the Cost Proposal Delivery Date (as defined below), have the one-time right to increase the amount of the Tenant Improvements Additional Construction Allowance by an over the initial Lease Term (beginning on the Rent Commencement Date) in equal monthly installments in the amount not necessary to exceed $161,020.00 (i.e., $20.00 per rentable square foot of fully repay to Landlord the Premises) (the “Additional Allowance”). The Additional Construction Allowance, if elected by Tenant, with interest at the rate of eight and one-half percent (8½%) per annum. Such equal monthly installments shall be added to the Tenant Improvements Allowance and utilized on the terms and conditions set forth herein with respect to the Tenant Improvements Allowance (and the Maximum Allowance Amount shall be deemed to have been increased accordingly). If Tenant gives the Allowance Increase Notice, Tenant shall repay the Additional Allowance to Landlord in equal monthly installments determined of Minimum Annual Rent payable by amortizing the Additional Allowance over the remainder of the initial term of Tenant under the Lease, together with interest at eight percent provided that such installments shall not be subject to the annual escalations applicable to Minimum Annual Rent. As an example of the foregoing, for each $100.00 (8%or portion thereof) per annum (such monthly paymentsof Additional Construction Allowance provided to Tenant, the “Supplemental Rent”), on the first calendar day of each month commencing on the Basic Monthly Rent Commencement Date and continuing thereafter during the remainder of the initial term of payable by Tenant under the Lease with Tenant’s regular payments of Base Rent (and the parties shall enter into an amendment to the Lease to confirm the same promptly following the giving of the Additional Allowance Notice)increase by $1.24.
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